Countries such as ________ that failed to adjust to a persistent external disequilibrium were more vulnerable to poverty displacement and even war ?
Correct answer: C. Algeria and Yugoslavia
- A. Japan and Korea
- B. Brazil and Argentina
- C. Algeria and Yugoslavia
- D. Singapore and Malaysia
Explanation
Algeria and Yugoslavia are examples of countries that failed to correct persistent external imbalances, making them vulnerable to economic hardship, displacement and conflict. The other pairs are generally associated with more successful external adjustment and growth.
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